Sunday, February 27, 2022

Germany has refused delivery on USA LNG.

The US Congress passed the law that would allow exportation of natural gas some time ago. Along with it was monies for LNG export piers in Alaska and one on the east coast of the USA. The primary reason this bill was passed was to allow any country in Europe dependent on Russian natural gas to receive shipments from the USA.

In all honesty, Germany was correct to refuse USA LNG. It is a bit of a hare-brained scheme, especially in wartime when ships would have to cross the Atlantic and they would be targets. There would have to be warships escorting them over the Atlantic.

But, it was an alternative proposed by primarily Republicans and passed by primarily Republicans. The point is there is an LNG shipping facility in the works somewhere on the USA east coast and I want to say Virginia. These facilities take some time to build because it is natural gas and things can explode and a port would have to be built over and over. So, I don't know how far along the port is or the infrastructure to supply it. 

Germany may change it's mind under a new Chancellor.

December 21, 2022
By Scott Disavino

The United States (click here) is set to become the world's biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come.

In a year when China and other large economies in Europe and Asia scrambled to source enough supply for heating and power generation, the United States was sitting on a bevy of supply - one that will grow in coming years.

Global LNG demand has hit record highs each year since 2015, due mostly to surging demand in China and the rest of Asia. Much of that global appetite has been met by steadily rising U.S. LNG exports, which have reached new records every year since 2016 and is poised to continue in 2022....